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Bitcoin Traders Turn Most Fearful In 2 Months Following Crash

Дата публикации: 04-06-2026 02:00:23

Data shows the sentiment in the cryptocurrency sector has plummeted deep into extreme fear as Bitcoin and other assets have crashed. Bitcoin Fear & Greed Index Has Dropped To A Low Of 11 The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets. Related Reading: XRP Breaks Below Triangle—Will Drawdown Extend To $1.14? The index uses a numerical scale running from zero to hundred for representing the investor mentality. All values on this scale above 53 correspond to a sentiment of greed, while those below 47 to one of fear. The metric being between these two cutoffs naturally suggests a net neutral mentality. Besides these three main zones, there are two extreme regions called the extreme fear (25 and under) and extreme greed (above 75). Currently, the market is in the former of these two zones. As is visible above, the Bitcoin Fear & Greed Index has a value of 11 right now, which is deep inside extreme fear. Thus, it would appear that investors are quite pessimistic about the market. Just a couple of days ago, the sentiment was inside the normal fear region. The sharp deterioration since then has come as a result of the steep drawdown that BTC and other assets have faced. As displayed in the above graph, the latest decline in the Fear & Greed Index has meant that its value is now at its lowest since early April. Historically, digital assets have often tended to go contrary to the opinion of the majority, so this extremely fearful mentality may not actually be a bad sign for the sector. That said, the current value of 11 alone may not be able to dictate whether a bottom is close. Back in February, the index went to a low of 5 before the market found some stability. Related Reading: Bitcoin Bulls Crushed: Sub-$70,000 Crash Flushes $428M In Longs In some other news, the recent Bitcoin plunge has come alongside a contracting demand in the market, as highlighted by CryptoQuant head of research Julio Moreno in an X post. From the chart, it’s apparent that the 30-day change in the combined Bitcoin spot and futures demand has been negative recently. Over the past month, demand has contracted by 232,000 BTC on these markets. Moreno explained: The ongoing price correction is completely related to Bitcoin demand conditions and has nothing to do with stocks (all-time highs), oil or macro (e.g. manufacturing activity is growing faster). BTC Price At the time of writing, Bitcoin is trading around $67,000, down more than 11% over the past week. Featured image from Dall-E, chart from TradingView.com

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Data shows the sentiment in the cryptocurrency sector has plummeted deep into extreme fear as Bitcoin and other assets have crashed.

Bitcoin Fear & Greed Index Has Dropped To A Low Of 11

The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment present among traders in the Bitcoin and wider cryptocurrency markets.

The index uses a numerical scale running from zero to hundred for representing the investor mentality. All values on this scale above 53 correspond to a sentiment of greed, while those below 47 to one of fear. The metric being between these two cutoffs naturally suggests a net neutral mentality.

Besides these three main zones, there are two extreme regions called the extreme fear (25 and under) and extreme greed (above 75). Currently, the market is in the former of these two zones.

Bitcoin Extreme FearLooks like the index has a value of 11 right now | Source: Alternative

As is visible above, the Bitcoin Fear & Greed Index has a value of 11 right now, which is deep inside extreme fear. Thus, it would appear that investors are quite pessimistic about the market.

Just a couple of days ago, the sentiment was inside the normal fear region. The sharp deterioration since then has come as a result of the steep drawdown that BTC and other assets have faced.

Bitcoin Fear & GreedThe trend in the crypto Fear & Greed Index over the past year | Source: Alternative

As displayed in the above graph, the latest decline in the Fear & Greed Index has meant that its value is now at its lowest since early April. Historically, digital assets have often tended to go contrary to the opinion of the majority, so this extremely fearful mentality may not actually be a bad sign for the sector.

That said, the current value of 11 alone may not be able to dictate whether a bottom is close. Back in February, the index went to a low of 5 before the market found some stability.

In some other news, the recent Bitcoin plunge has come alongside a contracting demand in the market, as highlighted by CryptoQuant head of research Julio Moreno in an X post.

Bitcoin Demand ChangeThe change in BTC demand appears to have been negative in recent days | Source: @jjcmoreno on X

From the chart, it’s apparent that the 30-day change in the combined Bitcoin spot and futures demand has been negative recently. Over the past month, demand has contracted by 232,000 BTC on these markets. Moreno explained:

The ongoing price correction is completely related to Bitcoin demand conditions and has nothing to do with stocks (all-time highs), oil or macro (e.g. manufacturing activity is growing faster).

BTC Price

At the time of writing, Bitcoin is trading around $67,000, down more than 11% over the past week.

Bitcoin Price ChartThe asset has been heading down recently | Source: BTCUSDT on TradingView

Featured image from Dall-E, chart from TradingView.com

Keshav Verma

Keshav is currently a senior writer at NewsBTC and has been attached to the website since June 14, 2021.

Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to.

In terms of official educational qualifications, Keshav holds a bachelor’s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions.

Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true.

Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn’t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment..

Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form.

Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new.

As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money.

Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn’t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs.

Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

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